PAINFUL BLOW: The decision is a defeat for publishers and songwriters who believe growth in streaming music has resulted in unfairly low licensing rates.
NEW YORK: A federal appeals court in Manhattan rejected appeals by a music licensing group and music publishers that could have forced Internet radio service Pandora Media Inc to pay higher royalties and have access to fewer songs.
In a case closely watched in the music industry, the 2nd US Circuit Court of Appeals rejected an effort by the American Society of Composers, Authors and Publishers to charge Pandora more to license its music from 2013 to 2015.
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